arvindhji

Major trend broken for NIFTY towards 8320

Short
NSE:NIFTY   Nifty 50 Index
Daily closing below ( 0.382 retracement level)
the crucial support 8565
will take nifty to (0.618 level) 8320 within short span of time.
If Nifty takes support at 8565 level,
still it should sustain above 8720 to move further towards 9000+.
One may expect short term bounce back
as RSI is oversold as of now

So, every pullback is opportunity for SHORT, SHORT, SHORT!!!
Trade closed: target reached: Its a bulls eye hit!
I expect the next phase of momentum to get initiated from 23rd November 2016 onwards.

Comments

As i mentioned,
Looks like the NIFTY taking support @ 8565 level, will create a short term rally upto 8720 level. Rest, the time decides.
8720 going to be tough line for NIFTY
Reply
buy the dip !!! long long long !!
Reply
AnbHfund AnbHfund
Reply
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